Suzlon Energy bags repeat order; stock hits 52-week high

MUMBAI: Shares of Suzlon Energy hit 52-week high after the company announced it has been awarded a 100.8 MW order by ReNew Wind Power.

As per the agreement, Suzlon Group will supply 48 units of S97-120 m WTGs and oversee overseas operations, maintenance and service of the wind site.

The project is scheduled for execution at the Bhesada wind site in Jaisalmer, Rajasthan.

ReNew Wind currently deploys Suzlon WTG’s for 100+MW at their wind farms in Gujarat and Maharashta. This will be the third order placed to Suzlon Group.

At 11:00 a.m.; Suzlon Energy was at Rs 29.50, up 3.69 per cent, on the BSE. It touched 52-week high of Rs 29.85 and a low of Rs 28.85 in trade today.